Which loan is designed for minimum-wage earners earning up to P12,000 outside the NCR?

The Pag-IBIG Affordable Housing Loan is specifically tailored for low-income earners, including those earning minimum wage. This program provides accessible financing options for individuals earning up to P12,000, particularly outside the National Capital Region (NCR). It is designed to promote home ownership among low-income workers by offering lower interest rates and affordable monthly amortizations.

This loan type enables eligible members of the Pag-IBIG Fund to purchase or construct their own homes at a cost that aligns with their financial capacity. The Affordable Housing Loan program demonstrates a commitment to assist those in the lower income bracket in achieving housing stability and improving their quality of life.

In contrast, the other loan types either serve different purposes or target different income brackets. For instance, the Pag-IBIG Housing Loan caters to a broader audience without a specific income limitation for minimum-wage earners, while the Calamity Loan assists individuals affected by natural disasters, and the Rental Housing Construction Loan focuses on developers or groups seeking to build rental housing rather than direct assistance to low-income earners for home purchase.